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Home >> Gov't Regulation
  China upholds electrified vehicle quotas despite industry protests
Reuters | 2017/6/20

BEIJING -- China upheld strict sales quotas for electrified vehicles in its latest draft regulation, ignoring concessions agreed to this month by Chinese Premier Li Keqiang and German Chancellor Angela Merkel.  The draft, posted on the website of the Legislative Affairs Office for China's cabinet, maintains that automakers must sell enough EVs or plug-in hybrid vehicles to generate "credits" equivalent to 8 percent of annual sales by 2018, 10 percent by 2019 and 12 percent by 2020.
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  China to limit new assembly plants to ease capacity glut
Reuters | 2017/6/16

BEIJING  -- Chinas top state planner said it would tighten regulations for building assembly plants for traditional gasoline-burning vehicles, as the country cracks down on "zombie" automakers.  The policy, issued by the National Development and Reform Commission on its website, extends to the automotive sector Beijing's fight against overcapacity and "zombie" companies that is underway in the coal and steel sectors.
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  China halts new EV production permits, sources say
Bloomberg | 2017/6/9

China plans to stop issuing new production permits for electric vehicles pending a review of the policy designed to encourage innovation, according to people familiar with the matter.  The National Development and Reform Commission, which oversees new investments in the auto industry, wants to evaluate the program after handing out 15 production licenses over the past year, the sources said. 
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  California, China to share clean-air technology
Reuters | 2017/6/9

BEIJING  -- California said it would cooperate with China on clean technology, emissions trading and other "climate-positive" efforts in a bid to fill a gap left after U.S. President Donald Trump pulled out of the Paris climate accord last week.  The government of California and China's Ministry of Science and Technology will work together to develop and commercialize know-how on carbon capture and storage, clean energy, and information technology to rein in greenhouse gases, according to a Tuesday statement.
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China makes concessions to Germany on EV quotas
Reuters | 2017/6/2

BERLIN -- Germany persuaded China to make concessions on its proposed quotas to encourage the production of electric vehicles, Chinese Premier Li Keqiang and Chancellor Angela Merkel said after talks in Berlin on Thursday. Li told a joint news conference he had discussed the issue at a dinner in Berlin on Wednesday and China had agreed to make concessions to automakers, without giving details.

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Daimler, BAIC agree to make EVs in China
Reuters | 2017/6/2

Daimler and its Chinese joint venture partner BAIC Motor Corp. agreed to upgrade the Mercedes-Benz factory in Beijing to make electric cars. Daimler also agreed to acquire a minority stake in Beijing Electric Vehicle Co., a subsidiary of the BAIC Group, to enhance collaboration on developing so-called new energy vehicles.

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  China targets 35 million annual vehicle sales by 2025
Reuters | 2017/4/28

SHANGHAI -- China is targeting annual sales of 35 million vehicles by 2025 and wants electric vehicles and plug-in hybrids to make up at least one-fifth of that total.  The Ministry of Industry and Information Technology published a market road map that predicts China's urbanization drive would boost annual vehicle sales 25 percent from last year's total.
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  China signals it may loosen JV ownership limits on foreign automakers
Bloomberg | 2017/4/28

BEIJING   -- China has provided the clearest indication to date that it plans to lift the cap on how much foreign carmakers can own of their local joint ventures.  The government's goal is to pressure Chinese automakers to speed the building of their own brands.
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  Exotics rebound as China's rich consumers snub Xi's austerity drive
Bloomberg | 2017/4/21

SHANGHAI -- Four years after China's President Xi Jinping started cracking down on corruption and conspicuous consumption, the most extravagant fast cars are making a comeback.  Chinese sales at Ferrari and Aston Martin are approaching their 2013 peaks, following tumbles of as much as 20 percent in 2014, according to data compiled by Bloomberg Intelligence.

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  SAIC puts U.S. ambitions on hold amid Trump uncertainty
Bloomberg | 2017/4/21

SAIC Motor Corp., China's biggest automaker, has delayed plans to export vehicles to the United States because of uncertainties about President Donald Trump's trade policies, even as another state-owned rival stays on track to enter the market.

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TOP 10 HEADLINES
OF THE LAST WEEK
How Beijing's EV mantra helped create a mega battery maker

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PSA's sales continue to tumble

Ford, in bet on low oil prices, shifts more Focus output to China

Volvo Cars relaunches Polestar as independent performance EV brand

Hyundai taps VW's former China design director

Qoros Auto gains new majority owner with injection from Chinese investor

Former VW design chief de Silva joins Edag to style EVs for China

VW Group's China sales edge up in May

GAC eyes Canadian market launch in 2020, report says

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